Financial Performance - Net interest income decreased by 18.26% to RMB 10,061.0 million from RMB 12,309.2 million in 2020[18] - Net fee and commission income fell by 20.80% to RMB 697.0 million compared to RMB 880.0 million in the previous year[18] - Operating income declined by 15.66% to RMB 12,319.5 million from RMB 14,606.3 million in 2020[18] - Pre-tax profit decreased by 60.17% to RMB 561.2 million, while net profit dropped by 49.90% to RMB 398.7 million[18] - Net profit attributable to shareholders decreased by 63.24% to RMB 274.1 million from RMB 745.7 million in 2020[18] - Earnings per share fell by 71.43% to RMB 0.02 compared to RMB 0.07 in the previous year[18] - Average return on total assets decreased to 0.06% from 0.13% in 2020, a decline of 0.07 percentage points[18] - Average return on equity decreased to 0.55% from 1.51%, a decline of 0.96 percentage points[18] - Net interest margin decreased to 1.74% from 2.18%, a decline of 0.44 percentage points[18] - Cost-to-income ratio increased to 38.28% from 32.06%, an increase of 6.22 percentage points[18] Asset and Liability Management - As of December 31, 2021, total assets reached RMB 645.046 billion, a year-on-year increase of 7.76%[20] - Customer deposits amounted to RMB 501.751 billion, up 6.92% compared to the previous year[20] - The loan balance was RMB 294.359 billion, reflecting a growth of 4.92% year-on-year[20] - The capital adequacy ratio stood at 12.54%, a slight decrease of 0.05 percentage points from the previous year[20] - The bank successfully issued RMB 11 billion in perpetual bonds, setting a record for the largest issuance among similar-sized city commercial banks[24] - The bank's total equity attributable to shareholders increased by 23.45% to RMB 60.794 billion compared to the previous year[20] - The total liabilities amounted to RMB 582.2663 billion, an increase of RMB 34.7718 billion, representing a growth of 6.4% compared to the previous year[99] - The total amount of repurchase agreements was RMB 89.980 billion, a substantial increase of RMB 75.278 billion, indicating a growth of 512.0%[103] Credit Quality and Risk Management - The non-performing loan ratio decreased to 2.88%, down 0.09 percentage points from the previous year, marking a positive turning point[24] - The provision coverage ratio was 162.45%, an increase of 29.19 percentage points year-on-year[32] - The bank's credit impairment losses improved by RMB 1,600.9 million, or 19.3%, to RMB 6,700.5 million[46] - The bank has strengthened its risk management framework, focusing on optimizing the credit structure and enhancing asset quality control[115] - The bank's corporate loan NPL ratio was 2.97%, a decrease of 0.18 percentage points from the previous year[115] - The bank's retail loan NPL ratio showed a slight increase due to the impact of the COVID-19 pandemic on personal repayment capabilities[115] - The overdue loans accounted for 14.4% of the total loans, an increase from the previous year's 9.1%[125] - The loan impairment loss provision as of December 31, 2021, was RMB 13,780.8 million, up by RMB 2,676.1 million from the previous year, with a provision coverage ratio of 4.68%[126] Customer and Market Position - Harbin Bank ranked 261st in the "2021 Global Banking Brand Value 500" by Brand Finance and 204th in "The Banker’s 2021 Global 1000 Banks" list[8] - The bank has established 392 operating institutions across seven major administrative regions in China as of December 31, 2021[8] - The bank's headquarters is located in Harbin, with a comprehensive network of branches and subsidiaries across the country[8] - The company achieved a ranking of 204 in the "2021 Global Bank 1000" list by The Banker[12] - The company ranked 34th in the "Top 100 Chinese Banks" by the China Banking Association in July 2021[12] - The bank's market share of RMB retail deposits in Harbin was 18.6%, maintaining the top position in local market growth for four consecutive years[143] Awards and Recognition - In 2021, Harbin Bank was awarded several accolades, including "Best Corporate Governance Bank" by Global Finance and "Best Cross-Border Payment Innovative Small and Medium Bank" by the Golden Dragon Awards[8] - Harbin Bank was recognized as the "Outstanding Retail Bank of 2021" and "Responsible Bank for Rural Revitalization" in the 19th China Finance Wind and Cloud Awards[8] - The company received the "2021 Best Retail Bank Award" at the 19th China Financial Economic Awards[13] - The company was awarded the "Best Company" in the 14th "China Star" selection by Global Finance in August 2021[12] - The company was awarded the "Best Innovative Wealth Management Product" at the Jin Yu Awards in September 2021[12] - The company was recognized for its "Community Elderly Care Financial Model Innovation Case" at the China Financial Innovation Awards in September 2021[12] Digital Transformation and Innovation - The company launched a "Mobile Banking Intelligent Upgrade Project" which won an award for outstanding achievements in digital transformation in November 2021[12] - The bank is focusing on enhancing online, intelligent, and automated business operations in response to increased demand for online financial services[44] - The bank's electronic channel business replacement rate reached 97%, with mobile channel replacement rate at 73%, increasing by 2 and 6 percentage points respectively compared to the previous year[173] - The number of online banking customers grew to 4.4344 million, a year-on-year increase of 12.93%[175] - The number of active mobile banking users reached 3.1986 million, up 19.06% year-on-year[177] - The bank has developed 164 major business systems across 116 categories, enhancing its self-research capabilities to support operational and transformation needs[184] Community and Social Responsibility - The bank has provided over RMB 1 billion in financial support to businesses during the pandemic[43] - The company was awarded the "2021 Rural Revitalization Responsibility Bank" by the 19th China Financial Wind and Cloud Awards, reflecting its commitment to rural financial services[167] - The bank actively supported small and micro enterprises by increasing the issuance of inclusive loans, contributing to the growth of credit guarantee loans[121] International Business and Cross-Border Transactions - The bank's international settlement volume reached RMB 20 billion, a year-on-year increase of 60%[24] - The company achieved an international settlement volume exceeding RMB 20 billion in cross-border business with Russia[164] - The company successfully developed and launched the CIPS system, becoming the third city commercial bank in China to directly participate in the CIPS system, with a transaction volume exceeding RMB 4.75 billion[165] - The company launched innovative financial products for cross-border transactions, including the "Russian Speed Remittance" and foreign exchange hedging products, contributing to the development of cross-border RMB direct investment[165]